Hello! My wife and I have been looking into options into buying a house for one of our two, sons that have autism. He will be 18 soon and would like to start getting pieces into motion and explore our options. Any rec...
We made improvements to our personal property in 2011. We began marketing the property as a rental in mid 2012. Can we add the improvements made in 2011 to our cost basis for calculating depreciation?
Our personal home has been on the market for 6 months and has not received a lot of attention. It is currently unoccupied and in turnkey condition. We are using a realtor and I think they have been adequate if not es...
Hello everyone,I tried searching the forum for this answer but had no luck. I just got my first property under contract today and plan on BRRRRing it. I have my LLC already set up and am getting rates from two lende...
I have a rental that I purchased with a conventional mortgage. I have since deeded the house to an LLC (with the banks permission). Does it make sense to have the LLC pay the personal mortgage directly from its accoun...
I am in the process of buying a new home and will be turning my current home into a rental property. Is there any difference in lease terms if I rent to a small company as opposed to a private renter/family? Would I...
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
Will any lenders allow you to use a personal loan as a down payment?
A tenat of mine recently moved out and i deducted a large chunk of security. I have been recieving letters from him about how he wants it back, blah, blah, blah. He was sending the letters to my p.o. box but on the th...
Hi everyone,I am about to go into contract on a 5 unit property with a family member who is a "disqualified person." Now as I understand it's ok to partner with a disqualified person but not to loan money to or from ...